Sharing a Ride on the Commodities Roller Coaster : Common Factors in Business Cycles of Emerging Economies

Common Factors in Business Cycles of Emerging Economies

Sharing a Ride on the Commodities Roller Coaster : Common Factors in Business Cycles of Emerging Economies
Fluctuations in commodity prices are an important driver of business cycles in small emerging market economies (EMEs). We document how these fluctuations correlate strongly with the business cycle in EMEs. We then embed a commodity sector into a multi-country EMEs' business cycle model where exogenous fluctuations in commodity prices follow a... READ MORE...

Publication date: December 2015
ISBN 9781513587677
$18.00

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